Arabica Coffee Prices See Largest Weekly Jump In Nearly Three Years

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Arabica Coffee Prices See Largest Weekly Jump In Nearly Three Years

Arabica Coffee Prices See Largest Weekly Jump In Nearly Three Years  As if hyperinflating cocoa bean prices and re-accelerating global food inflation weren't enough, Arabica coffee futures hit their highest level in over a year and a half.  Arabica coffee futures with May delivery jumped 12.5% on the week (the largest weekly gain since July 2021), closing at $2.12 per pound.  The contract is at its highest level since early October 2022.  As f…